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Intuit Swings to Quarterly Loss
On Lower Ad, Marketing Fees

A Wall Street Journal Online News Roundup

Updated Aug. 22, 2001 11:23 a.m. ET

NEW YORK -- Intuit Inc. swung to a loss on lower advertising and marketing revenue in its fiscal fourth quarter ended July 31, but said sales rose 18% thanks to strength in its online mortgage and payroll businesses.

The results exceeded Wall Street's expectations for its seasonally slow period, as the demand for tax-preparation software eased.

The maker of tax-preparation and accounting software, including TurboTax and...